February 15, 2001 NASHVILLE, Tenn. – Corrections Corporation of America (NYSE:CXW) has received final court approvals for revised terms in its settlements with shareholders.The revised terms call for the REIT to issue 49.6 million shares of common stock...

February 15, 2001 (NewsTraders.com) – Friedman Billings Ramsey & Co. analyst Merrill Ross lowered her rating on Cornerstone Realty Income Trust (NYSE:TCR) to accumulate from buy today in a move prompted by a negative near-term supply outlook.The downgrade...

February 15, 2001 BOSTON – Beacon Capital Partners Inc. has closed on its sale of Technology Square in Cambridge, Mass., for $278.8 million.The Massachusetts Institute of Technology bought Technology Square's three existing buildings totaling about 541,000 square feet...

February 15, 2001 NEW YORK – Standard & Poor's has acquired Charter Research Corp., a Boston analytics firm that specializes in the commercial mortgage sector.The acquisition gives S&P the ability to broaden its reach from the commercial mortgage-backed...

February 15, 2001 ATLANTA – Daniel M. DuPree is resigning as president and chief operating officer of Cousins Properties Inc. (NYSE:CUZ) effective March 31.The company's board has named R. Dary Stone, president of Cousins Stone LP and a...

February 15, 2001 NEW YORK – Fitch plans to start analyzing and rating structured finance trustees, the institutions responsible for bond administration and custodial services relating to commercial mortgage-backed, residential mortgage-backed and asset-backed securities.After repeated requests from investors...

February 15, 2001 Boca Raton, Fla., group gathers land for projectThe Boca Raton (Fla.) News, February 15BOCA RATON, Fla. – New Urban Communities Corp. is targeting land for another mixed-use redevelopment project on West Atlantic Avenue. The organization...

February 15, 2001 BETHESDA, Md. - First Washington Realty Trust Inc. (NYSE:FRW) anticipates closing on its sale to affiliates of U.S Retail Partners LLC, a joint venture of California Public Employees' Retirement System and National Retail Partners LLC,...

February 15, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $22.7$20.0 $85.9 $77.6 FFO/shr (diluted) $0.70 $0.63 $2.67 $2.45 Net Income (Mln) $10.2 $8.3 $37.8 $34.6 Net/shr$0.36 $0.29 $1.33 $1.23 Revenue (Mln)$53.9 $48.8 $204.8$189.4 Shares Outstanding (Mln)28.6 28.5 28.6...

February 15, 2001 ROCKVILLE, Md. – The trustees of Federal Realty Investment Trust (NYSE:FRT) have promoted Donald C. Wood to president and chief operating officer.Prior to his promotion, Wood served as the company's senior vice president and chief...

February 15, 2001 (NewsTraders.com) – CIBC World Markets analyst Paul Keung on Thursday initiated coverage of Starwood Hotels & Resorts (NYSE:HOT) and seven other companies that focus on the hotel and lodging sectors.In the lodging sector, the analyst...

February 15, 2001 KANSAS CITY, Mo. – Entertainment Properties Trust (NYSE:EPR) has closed on a $125 million secured financing.Proceeds were used to repay and retire the company's existing revolving credit line, which was secured by 13 megaplex properties.The...

February 15, 2001 Cohen Financial has chosen CapitalThinking's Bluewire as the platform for online mortgage originations.Cohen, a Chicago mortgage banker, will initially use Bluewire to more quickly and efficiently process loan applications. But it will eventually include a...

February 15, 2001 LOS ANGELES – Westfield America Trust, the Australia-based parent of Westfield America Inc. (NYSE:WEA), has agreed to buy all of the outstanding common shares of the shopping mall REIT that it and its affiliates do...

February 15, 2001 LONG BEACH, Calif. – Developers Diversified Realty Corp. (NYSE:DDR) has received a 12-month extension from the city to develop the Queensway Bay project.Developers Diversified was set to begin construction this fall on the project, which...

February 15, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99 ProForma Net (Loss) (Mln) ($6.5)($3.4)($32.2)($9.3)ProForma Net (Loss)/shr ($0.42) ($0.26)($2.13) ($0.79) Revenue (Mln)$16.8$8.9 $58.5$30.2 Shares Outstanding (Mln)15.4 12.9 15.111.7

February 15, 2001 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterThe $1.2 billion Morgan Stanley Dean Witter Capital I Trust 2001-TOP1 commercial mortgage-backed securities transaction, the first U.S. conduit of the year and comprised of collateral...

February 15, 2001 (NewsTraders.com) – CoStar Group (Nasdaq:CSGP) slid to buy from strong buy Thursday at Needham & Co. as analyst Dalton Chandler downgraded the stock and also took a knife to his price target, halving the goal...

February 14, 2001Go To Fitch Presale Report.Go To S&P Presale Report. Morgan Stanley Dean Witter Capital I Trust 2001-TOP1ClassAmount($mln)Sub. Level(%)RatingFitchRatingS&PAvg.LifePriceTalk(BP)BenchMarkA-16515AAAAAA3.4+30 areaSwapsA-2203.515AAAAAA5.7+39-40SwapsA-3138.515AAAAAA6.8+43-44SwapsA-4575.915AAAAAA9.65+46-47SwapsB34.712AAAA9.89+62-63SwapsC31.89.25AA9.93+80-82SwapsD11.58.25A-A-9.98+91-93SwapsE27.45.88BBBNR9.98+125 areaSwapsF10.25BBB-NR10+275Treas.X-1*50--AAAAAA--+475Treas.X-2*46.6--AAAAAA--+195Treas.* Notional amount, interest only.

February 14, 2001  1st-Qtr 20011st-Qtr 2000Net/shr $0.43$0.25Net Income (Mln)$3.1$1.8Revenue (Mln)$4.5$2.3

February 14, 2001 NEW YORK – First Union Real Estate Equity and Mortgage Investments (NYSE:FUR) will hold a special meeting of shareholders on March 6 to vote on the company's contract to sell most of its real estate...

February 14, 2001 SAN FRANCISCO – PMI Mortgage Insurance Co. has promoted Janet Parker to senior vice president of risk management.Previously, she was vice president of field operations. Parker joined the company in 1983 as national underwriting manager...

February 14, 2001 KENNETT SQUARE, Pa. – ElderTrust (NYSE:ETT) has renegotiated two mortgage notes totaling $20 million.Under the terms of the agreements, the equity healthcare REIT has worked out new deals with its lenders that take into account...

February 14, 2001 Council clears way for $48 Mln Athens, Ala., project The Birmingham News, February 14ATHENS, Ala. - The last hurdle for development of a $48 million Athens Outlet Village has been cleared. The City Council agreed...

February 14, 2001HORSHAM, Pa. – GMAC Commercial Holding Corp. is spreading its wings in Europe. The firm has acquired UCB Healthcare Service Co., a servicer of nursing home loans that is based in Sutton, England, in the county...